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Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as Range International and SomnoMed are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. The list I’ve put together below are of stocks that compare favourably on all criteria, which potentially makes them a good investment if you believe the growth has not already been reflected in the share price.
Range International Limited (ASX:RAN)
Range International Limited manufactures and sells plastic pallets made from recycled mixed waste plastic. Formed in 2002, and run by CEO Jonathan Guyett, the company currently employs 302 people and with the company’s market cap sitting at AUD A$16.49M, it falls under the small-cap group.
RAN is expected to deliver an extremely high earnings growth over the next couple of years of 93.25%, bolstered by a significant revenue which is expected to more than double. It appears that RAN’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 0.88%. RAN’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Thinking of investing in RAN? Have a browse through its key fundamentals here.
SomnoMed Limited (ASX:SOM)
SomnoMed Limited, together with its subsidiaries, produces and sells devices for the oral treatment of sleep related disorders in Australia and internationally. Established in 2004, and currently headed by CEO Derek Smith, the company employs 300 people and with the company’s market capitalisation at AUD A$176.08M, we can put it in the small-cap stocks category.
SOM is expected to deliver an extremely high earnings growth over the next couple of years of 63.67%, bolstered by an equally impressive revenue growth of 94.00%. It appears that SOM’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 20.73%. SOM ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Want to know more about SOM? Have a browse through its key fundamentals here.
OneVue Holdings Limited (ASX:OVH)
OneVue Holdings Limited provides various superannuation solutions in Australia. OneVue Holdings was started in 2004 and has a market cap of AUD A$194.29M, putting it in the small-cap category.